General A thread to discuss and follow the incoming inflation bomb

[Enock-O-Lypse Now!]

Why FedEx Stock Is Down By 8% Today

The stock is trying to settle below the $230 level.

www.google.com

FedEx stock has been getting hammered due to margin erosion. At the heart of this is higher wage rates due to the labor supply crunch.

To assure these losses don't continue, they announced increases of roughly 6% to 8% on deliveries.

Hmm.
Higher wages = Higher Prices ???

This is my shocked face:

FYI - UPS announces earnings on 10/26

Higher Wages?

Lol my buddy who works there was just complaining to me about workers only getting a 2% raise, despite big wigs coming in and giving speeches about record profits / numbers earlier in the year and telling them they were front line hero's...Buddy was pissed said he was going to UPS..?

Apparently the increase in wages was in Memphis at their central Hub where they are having troubles finding help mainly because Amazon build a massive facility next door and offered a starting wage nearly matching a FedEx Employee wage who had been working for FedEx for 10 years.

Explained to me that FedEx has an Express and a Ground network that they operate as separate entities...Yet have same uniform / same logo / colors.

Ground who handles the "majority" of FedEx Deliveries hires the contracted workers so they don't have to pay them benefits.

Sounds like FedEx is trying to Milk this Pandemic to the max by screwing the customer right before Christmas arrives...

 

[Hauler]

"How can anyone survive without paying slave wages????!???" - @Hauler

Never said that. At all.

I said any margin erosion would be recovered by passing it on to the end user. Businesses - especially ones that are publicly traded - can't afford to take a step back

I can't remember who said I was full of shit when I predicted that.

 

[Hauler]

Higher Wages?

Lol my buddy who works there was just complaining to me about workers only getting a 2% raise, despite big wigs coming in and giving speeches about record profits / numbers earlier in the year and telling them they were front line hero's...Buddy was pissed said he was going to UPS..?

Apparently the increase in wages was in Memphis at their central Hub where they are having troubles finding help mainly because Amazon build a massive facility next door and offered a starting wage nearly matching a FedEx Employee wage who had been working for FedEx for 10 years.

Explained to me that FedEx has an Express and a Ground network that they operate as separate entities...Yet have same uniform / same logo / colors.

Ground who handles the "majority" of FedEx Deliveries hires the contracted workers so they don't have to pay them benefits.

Sounds like FedEx is trying to Milk this Pandemic to the max by screwing the customer right before Christmas arrives...

"Higher wages" could also mean outsourced deliveries/drivers.

I have no allegiance to FedEx - Just passing on some info to the inflation thread.

LOL @ bragging about record profits and giving workers an amount that won't even cover the cost of living hit we all have coming our way. That's severely missing the temperature of the room.

If you are going to brag about record profits, your next sentence should be about profit sharing. Or a retention bonus. Something. Not an extra $5/day.

 

[member 1013]

Is there a labour revolution coming?!?

 

[Hauler]

Is there a labour revolution coming?!?

We're in it, baby!

 

[member 1013]

We're in it, baby!

Yeeeessss

@Zeph @ kneeblock let’s burn this mother down!

 

[member 1013]

Canada’s annual inflation rate hits 4.4 per cent in September, highest since 2003

The consumer price index was up from 4.1 per cent in August, this is the sixth consecutive month that inflation has exceeded the Bank of Canada’s target range of 1 per cent to 3 per cent

www.theglobeandmail.com

 

[Hauler]

Canada’s annual inflation rate hits 4.4 per cent in September, highest since 2003

The consumer price index was up from 4.1 per cent in August, this is the sixth consecutive month that inflation has exceeded the Bank of Canada’s target range of 1 per cent to 3 per cent

www.theglobeandmail.com

 

[Hauler]

Is there a labour revolution coming?!?

Labor

 

[member 1013]

View attachment 50238

I think we are going to get it harder than youse guys, this country was already extremely unaffordable in the three major provinces. Look into it.

 

[Hauler]

Look into it.

 

[member 1013]

Pussy

 

[member 1013]

Labor

Shut your fookin mouf!!

 

[Hauler]

 

[member 1013]

View attachment 50388

*Chicken wings were

 

[Hauler]

*Chicken wings were

I didn't write it.

Many restraunts around here don't even have wings anymore. It's some boolsheet.

 

[member 1013]

I didn't write it.

Many restraunts around here don't even have wings anymore. It's some boolsheet.

Yes you did, liar!

 

[Deleted member 1]

Twitter and Square CEO Jack Dorsey says 'hyperinflation' will happen soon in the U.S. and the world

Twitter founder Jack Dorsey weighed in on escalating inflation in the U.S., saying things are going to get considerably worse.

www.cnbc.com

 

[RaginCajun]

Don't worry. I'm sure this won't effect the people controlling our pretend economy.

 

[Hauler]

Twitter and Square CEO Jack Dorsey says 'hyperinflation' will happen soon in the U.S. and the world

Twitter founder Jack Dorsey weighed in on escalating inflation in the U.S., saying things are going to get considerably worse.

www.cnbc.com

This is my shocked face

 

[BeardOfKnowledge]

Don't worry. I'm sure this won't effect the people controlling our pretend economy.

I like how people pretend the economy being a fraud wasn't completely exposed during the GME fiasco.

 

[RaginCajun]

 

[Hauler]

Shipping charge for a container full of Christmas joy from China was $6500.

Now it is $30,000

 

[Lukewarm Carl]

Shipping charge for a container full of Christmas joy from China was $6500.

Now it is $30,000

View attachment 50732

Sex trafficking gets expensive if you want the women to be 20 to 30 instead of 70 to 80 like you used to go for.

 

[Hauler]

Sex trafficking gets expensive if you want the women to be 20 to 30 instead of 70 to 80 like you used to go for.

From Chynah - 70 is the new 30.